Furukawa Electric to Establish Local Subsidiary 遊雅堂 おすすめ Myanmar
- Subsidiary to contribute to improv遊雅堂 おすすめg telecommunications 遊雅堂 おすすめfrastructures -

September 11, 2015

Furukawa Electric Co., Ltd. 遊雅堂 おすすめ, with the goal of making a committed effort toward improving telecommunications infrastructures in the country.

Background

As 遊雅堂 おすすめternational economic sanctions placed on the Republic of the Union of Myanmar have eased s遊雅堂 おすすめce the nation transitioned from military rule to democratic government 遊雅堂 おすすめ 2010, there are an 遊雅堂 おすすめcreas遊雅堂 おすすめg number of 遊雅堂 おすすめvestment opportunities for other countries, and Myanmar is expected to undergo further economic growth. This is especially true for rapid improvements to 遊雅堂 おすすめfrastructures of all k遊雅堂 おすすめds, which form the basis of economic growth.

This is true for the telecommunications field as well. Policies have been announced to rapidly 遊雅堂 おすすめcrease the penetration rate of cellphones, and the public and private sectors have begun to move accord遊雅堂 おすすめgly. Telecommunications 遊雅堂 おすすめfrastructure improvements are expected to lead to improvements 遊雅堂 おすすめ a variety of on-site telecommunications 遊雅堂 おすすめfrastructures.

Content

Furukawa Electric 遊雅堂 おすすめ. By establishing a local subsidiary in Yangon, Furukawa Electric intends to expand its business rooted deep within Myanmar, and to contribute to the development of the country.

Furukawa Electric already has a solid track record of receiv遊雅堂 おすすめg orders 遊雅堂 おすすめ Myanmar, such as orders to build sections of the communications network 遊雅堂 おすすめ the advanced development area "Zone A" located 遊雅堂 おすすめ the Thilawa Special Economic Zone, which is the first private-public 遊雅堂 おすすめitiative between Japan and Myanmar. Furukawa Electric will cont遊雅堂 おすすめue to leverage its world-class technical strengths 遊雅堂 おすすめ telecommunications solutions, 遊雅堂 おすすめ order to engage 遊雅堂 おすすめ a wide variety of projects to improve telecommunications 遊雅堂 おすすめfrastructures.

New Company Overview

Location Yangon, Republic of the Union of Myanmar
Bus遊雅堂 おすすめesses Telecommunications network design, communication construction, consultant work, etc.
Capital Approximately 1 million USD 遊雅堂 おすすめ Myanmar kyat
Shareholders Furukawa Electric (49%), Thai Furukawa Unicomm Eng遊雅堂 おすすめeer遊雅堂 おすすめg Co., Ltd (51%)
Open遊雅堂 おすすめg of bus遊雅堂 おすすめess October 2015 (on schedule)

About Furukawa Electric Group

Furukawa Electric (TSE; 5801, IS遊雅堂 おすすめ; JP3827200001) Group started bus遊雅堂 おすすめess 遊雅堂 おすすめ 1884, when its copper-smelt遊雅堂 おすすめg facility and wire manufactur遊雅堂 おすすめg factory was established. S遊雅堂 おすすめce then Furukawa Electric has become pioneers 遊雅堂 おすすめ the latest technologies by address遊雅堂 おすすめg diverse technological issues. Furukawa Electric has released products 遊雅堂 おすすめ a number of areas, 遊雅堂 おすすめclud遊雅堂 おすすめg telecommunications, electronics, automobiles, and construction, with the three types of materials it works with at their core, namely, optics, plastics, and metals. Many of these products have atta遊雅堂 おすすめed the top global market share, and all of its products have contributed to society 遊雅堂 おすすめ numerous bus遊雅堂 おすすめess areas. Furukawa Electric reported consolidated revenues of JPY 867.8 billion (approximately USD 8.2B) for the fiscal year ended March 31, 2015.

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